No-Poaching Settlement Could Spur Tech Talent War - InformationWeek

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No-Poaching Settlement Could Spur Tech Talent War
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David F. Carr
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David F. Carr,
User Rank: Author
4/22/2014 | 9:36:55 AM
He really wrote that?
Note to Eric Schmidt: when trying to avoid a paper trail, best not to write an email stating "I don't want to create a paper trail over which we can be sued later" before taking the conversation offline.
Laurianne
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Laurianne,
User Rank: Author
4/22/2014 | 10:19:11 AM
Poaching
We may not learn the full details of this no-poaching arrangement if the cases settles, as is now expected, which is too bad. Recruiter 'arrangements,' on and off the books, to prevent poaching are ususally bad news for employees and I think they happen far more often than we realize, not just in tech or IT.
RobPreston
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RobPreston,
User Rank: Author
4/22/2014 | 1:47:00 PM
Re: Poaching
The allegations remind of the collusion in Major League Baseball in the mid-'80s, whereby owners agreed privately to rein in their spending on free agents, sign them to shorter contraxts -- or not sign them at all. The owners didn't get away with it (they ended up settling). But some big name players still lost out on some serious money.
ChrisMurphy
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ChrisMurphy,
User Rank: Author
4/22/2014 | 4:33:07 PM
Re: It's good to be a corporate lawyer
Exposing and ending the practice would be an upside, no?
Alison_Diana
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Alison_Diana,
User Rank: Author
4/22/2014 | 5:45:58 PM
Re: It's good to be a corporate lawyer
Yes, @asksqn, I've always thought it's much better for a litigant to avoid getting forced into a class action lawsuit. Sure, the primary attorney loves the idea; s/he gets the 40%, 50% or whatever of the total settlement. But all plaintiffs share in the (vastly diminishing) pot of money on the other side of that share, a share that attorneys are anxious to bolster in order to make their class action suit more imposing (and profitable). 
Thomas Claburn
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Thomas Claburn,
User Rank: Author
4/22/2014 | 7:51:20 PM
Re: Poaching
>I was under the impression that high-demand employees moved pretty freely among the big Silicon Valley companies.

 

Actually, employees in California have some of the strongest protection against labor mobility limits, such as non-compete clauses. Massachusetts and Texas are moving in that direction. That's one of the reasons the companies involved are facing massive damage claims.


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